UNBELIEVABLE BUY and HOLD East New York Property

Kings County, East New York, NY, 11207
Sold
Listed at: September 21st, 2023
Price
$749,000
ARV
$1,100,000
Gross Margin
$351,000
Sq. Footage
2080
Type
Multifamily
Parking
On street
Year build
1930
Lot size
1800.00 sqft
Bedrooms
6
Bathrooms
4
Half Bathrooms
0
Summary

This is a Legal 2 Family with 3 Units and can easily have 4. Top Floor has a 1 Bedroom rented for $1,550 and a 2 Bedroom rented for $1,900, both getting paid by Programs. First floor is Huge 3 Bedrooms and Vacant, needs a little bit of work to repair an old leak, that can rent for at least $3,000. Plus the basement is huge, has a separate entrance, kitchen and a bathroom and lots of storage space that can be converted to at least 2 Bedrooms. House can rent in total for about $9,000 a month and is worth about One Million Dollars as-is.

LEGAL NOTICE We have a legally binding contract with our Seller. Trying to go around us and direct to our seller is illegal and considered Tortious Interference of a Contract. Doing so will result in legal action. Please do not submit an offer if you are not serious about purchasing the property. (We will not work with you in the future if this is the case) We prefer a buyer who is willing to pay cash. Priority may be given to those who place early offers. Prior to scheduling a showing, we need to see proof of funds or a hard money commitment. You must do your own due diligence. Run your numbers & make sure the property makes sense for you. These are wholesale deals that's why they read "in contract" If you are a real estate agent or have cash buyers, your fee will come from your client. Showings: We will get the door open one day/one time - all interested investors get inside and then we go to highest and best - all offersrequired within 24 hours after the showing. NO PRIVATE SHOWINGS. Earnest Money Deposit: An EMD of 5% must be wired to the Attorney as soon as the Assignment Contract is signed. REMINDER: Earnest Money is non-refundable (unless the seller cannot produce a clean market title). Do not offer if you do not have every intention of closing on the property.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Michael Pinter

No reviews

Disposition manager